Category: Wally Adeyemo

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Russian Ruble Falls by Over 18% in 2023, Economist Says the Currency Has ‘Stabilized’

July 25, 2023

After the Russian currency touched a year low versus the greenback of nearly 92 units for every dollar, economist Robin Brooks said the ruble has stabilized and may eventually be lifted by rising oil prices. The Institute of International Finance Economist urged G7 countries to consider cutting the Russian oil price cap from $60 to…
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Treasury official acknowledges most crypto transactions are ‘legitimate’ but still anticipates additional sanctions

October 21, 2021

“The vast majority of digital assets are being used for legitimate purposes, but for those that are primarily in the business of furthering criminal enterprises, we plan to use our tools to go after them,” said Wally Adeyemo. Wally Adeyemo, the Deputy Secretary of the United States Department of the Treasury, said the department would…
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